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Nov 12, 2012 3:00pm EST
saudi arabia and worried about the middle east and nigeria and syria and all over the world. i don't agree oil will be an $80 or $85 commodity. i predict $125 for brent crude by 2035. delta of maybe $18 to $20. wti trading north of $100. that makes a lot of economic incentive to keep on drilling. but i think what it also keeps is $3.50 gasoline price. a lot of folks ask me, when is $2 gas coming back? i don't think it is. what we haven't talked a lot about is natural gas and the impact natural gas can have, in addition to be sufficient on oil production, natural gas the supply glut we have, we can displace coal, tuesday for transportation, l&g it to asia and europe. it's creating a manufacturing renaissance. we're bringing jobs and companies back to america who want to use natural gas as a feed stock. we're on the right track. the linchpin reallily is access to federal lands and offshore drilling. president obama has a big decision coming up in the fix six months of 2013, it's the keystone pipeline. i hope the president approves thipeline because that will show he's putting his mouth
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